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Using this type of newbuilding capex largely driving it, a large amount of absolutely free dollars flow will likely be created from elevated revenues and simply from not spending so much on capex. This tends to be valuable towards the dividend (extra on this afterwards).

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Next, Tsakos just finished a substantial funds expenditure cycle that positions it For additional expansion and higher totally free funds flow Down the road. Per the following graphic, the newbuilding vessels are predicted to improve revenues by 30%.

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These constructive disorders are positioning Tsakos to gain from another upturn on the market cycle, which is expected to begin shortly. However, despite the bettering outlook, the marketplace continues to extrapolate Tsakos' previous negative performance into the longer term.